Report Western Africa - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Feb 5, 2023

Western Africa - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Polycarboxylic Acid Market 2023

Polycarboxylic Acid Market Size in Western Africa

The West African polycarboxylic acid market declined slightly to $X in 2021, approximately mirroring the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Polycarboxylic Acid Production in Western Africa

In value terms, polycarboxylic acid production dropped slightly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 60% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Polycarboxylic Acid Exports

Exports in Western Africa

In 2021, exports of polycarboxylic acids in Western Africa surged to X tons, rising by 26% on 2020 figures. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 195% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, polycarboxylic acid exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a mild decline. The pace of growth appeared the most rapid in 2018 when exports increased by 161% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Senegal was the major exporter of polycarboxylic acids in Western Africa, with the volume of exports resulting at X tons, which was near 57% of total exports in 2021. Mali (X tons) took the second position in the ranking, distantly followed by Ghana (X tons). All these countries together took approx. 39% share of total exports. Cote d'Ivoire (X tons) took a relatively small share of total exports.

Exports from Senegal increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Ghana (+78.1%), Cote d'Ivoire (+29.2%) and Mali (+3.7%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +78.1% from 2012-2021. From 2012 to 2021, the share of Ghana and Cote d'Ivoire increased by +15 and +3.2 percentage points, respectively.

In value terms, Senegal ($X) remains the largest polycarboxylic acid supplier in Western Africa, comprising 66% of total exports. The second position in the ranking was held by Mali ($X), with a 25% share of total exports. It was followed by Ghana, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Senegal was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (-6.1% per year) and Ghana (+49.2% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, surging by 4.5% against the previous year. Overall, the export price, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-2.6%), while the other leaders experienced a decline in the export price figures.

Polycarboxylic Acid Imports

Imports in Western Africa

In 2021, after four years of growth, there was significant decline in overseas purchases of polycarboxylic acids, when their volume decreased by -24.7% to X tons. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 20%. Over the period under review, imports hit record highs at X tons in 2020, and then contracted notably in the following year.

In value terms, polycarboxylic acid imports rose markedly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 28%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Nigeria (X tons) represented the largest importer of polycarboxylic acids, creating 60% of total imports. It was distantly followed by Cote d'Ivoire (X tons), comprising a 34% share of total imports. Ghana (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +6.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid importing markets in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X), together accounting for 98% of total imports.

In terms of the main importing countries, Ghana, with a CAGR of +1.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, increasing by 42% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for polycarboxylic acids in Western Africa?
+
The countries with the highest volumes of consumption in 2021 were Burkina Faso, Mali and Guinea, together comprising 65% of total consumption. These countries were followed by Sierra Leone, Liberia, Nigeria and Cote d'Ivoire, which together accounted for a further 34%.
What are the largest producers of polycarboxylic acids in Western Africa?
+
The countries with the highest volumes of production in 2021 were Burkina Faso, Mali and Guinea, together accounting for 71% of total production. Sierra Leone and Liberia lagged somewhat behind, together accounting for a further 29%.
What are the leading suppliers of polycarboxylic acids in Western Africa?
+
In value terms, Senegal remains the largest polycarboxylic acid supplier in Western Africa, comprising 66% of total exports. The second position in the ranking was taken by Mali, with a 25% share of total exports. It was followed by Ghana, with a 5.7% share.
What are the leading importers of polycarboxylic acids in Western Africa?
+
In value terms, Nigeria, Cote d'Ivoire and Ghana were the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.
What is the average export price for polycarboxylic acids in Western Africa?
+
In 2021, the export price in Western Africa amounted to $1,597 per ton, rising by 4.5% against the previous year.
What is the average import price for polycarboxylic acids in Western Africa?
+
In 2021, the import price in Western Africa amounted to $1,583 per ton, picking up by 42% against the previous year.

This report provides an in-depth analysis of the polycarboxylic acid market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
• Prodcom 20143385 - Adipic acid, its salts and esters
• Prodcom 20143387 - Maleic anhydride
• Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
• Prodcom 20143420 - Other esters of orthophthalic acid
• Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
• Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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